Oceania Healthcare lifts 1H profit 93% as property values, unit sales rise

Wed, 24 Jan 2018

By Sophie Boot Jan. 25 (BusinessDesk) - Oceania Healthcare, which listed on the NZX last May, reported first-half profit nearly doubled as its investment property became more valuable and it sold more retirement village units. The Auckland-based aged-care operator said that in the six months to Nov. 30, operating revenue rose 2.8 percent to $90.2 million, while total income increased 3.6 percent to $126.3 million including changes to the fair value of its investment property. Net profit rose to $42.5 million from $22 million a year earlie...

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